diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index 5cf0d0b58..ccedb1f27 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,6 +1,6 @@
 {
     "packages/hardhat-zksync-deploy": "1.4.0",
-    "packages/hardhat-zksync-solc": "1.1.4",
+    "packages/hardhat-zksync-solc": "1.2.0",
     "packages/hardhat-zksync-upgradable": "1.4.1",
     "packages/hardhat-zksync-vyper": "1.0.8",
     "packages/hardhat-zksync-verify": "1.4.3",
diff --git a/packages/hardhat-zksync-solc/CHANGELOG.md b/packages/hardhat-zksync-solc/CHANGELOG.md
index e7b0b71d4..88dc1e322 100644
--- a/packages/hardhat-zksync-solc/CHANGELOG.md
+++ b/packages/hardhat-zksync-solc/CHANGELOG.md
@@ -1,5 +1,13 @@
 # @matterlabs/hardhat-zksync-solc
 
+## [1.2.0](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-solc-v1.1.4...@matterlabs/hardhat-zksync-solc-v1.2.0) (2024-06-19)
+
+
+### Features
+
+* bump ethers, zksync-ethers, hardaht and other dependencies to newer versions ([#1111](https://github.com/matter-labs/hardhat-zksync/issues/1111)) ([a2d503a](https://github.com/matter-labs/hardhat-zksync/commit/a2d503abe3f504859651f22998046576eddf6579))
+* switch to the default codegen with zksolc ([#1062](https://github.com/matter-labs/hardhat-zksync/issues/1062)) ([5ec997a](https://github.com/matter-labs/hardhat-zksync/commit/5ec997aaa83ba18d978f10b96f489513f6c4dd9f))
+
 ## [1.1.4](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-solc-v1.1.3...@matterlabs/hardhat-zksync-solc-v1.1.4) (2024-02-26)
 
 
diff --git a/packages/hardhat-zksync-solc/package.json b/packages/hardhat-zksync-solc/package.json
index 79d761a77..4b9de31e4 100644
--- a/packages/hardhat-zksync-solc/package.json
+++ b/packages/hardhat-zksync-solc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@matterlabs/hardhat-zksync-solc",
-  "version": "1.1.4",
+  "version": "1.2.0",
   "description": "Hardhat plugin to compile smart contracts for the zkSync network",
   "repository": "github:matter-labs/hardhat-zksync",
   "homepage": "https://github.com/matter-labs/hardhat-zksync/tree/main/packages/hardhat-zksync-solc",